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Loan Amortization Calculator
Generate a full amortization schedule for any loan.
$478/mo
Monthly Payment
$3,652
Total Interest
$28,652
Total Paid
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $363 | $115 | $24,637 |
| 2 | $365 | $113 | $24,272 |
| 3 | $366 | $111 | $23,906 |
| 4 | $368 | $110 | $23,538 |
| 5 | $370 | $108 | $23,169 |
| 6 | $371 | $106 | $22,797 |
| 7 | $373 | $104 | $22,424 |
| 8 | $375 | $103 | $22,049 |
| 9 | $376 | $101 | $21,673 |
| 10 | $378 | $99 | $21,295 |
| 11 | $380 | $98 | $20,915 |
| 12 | $382 | $96 | $20,533 |
| 13 | $383 | $94 | $20,150 |
| 14 | $385 | $92 | $19,765 |
| 15 | $387 | $91 | $19,378 |
| 16 | $389 | $89 | $18,989 |
| 17 | $390 | $87 | $18,598 |
| 18 | $392 | $85 | $18,206 |
| 19 | $394 | $83 | $17,812 |
| 20 | $396 | $82 | $17,416 |
| 21 | $398 | $80 | $17,018 |
| 22 | $400 | $78 | $16,619 |
| 23 | $401 | $76 | $16,218 |
| 24 | $403 | $74 | $15,814 |
| 25 | $405 | $72 | $15,409 |
| 26 | $407 | $71 | $15,002 |
| 27 | $409 | $69 | $14,594 |
| 28 | $411 | $67 | $14,183 |
| 29 | $413 | $65 | $13,770 |
| 30 | $414 | $63 | $13,356 |
| 31 | $416 | $61 | $12,940 |
| 32 | $418 | $59 | $12,522 |
| 33 | $420 | $57 | $12,101 |
| 34 | $422 | $55 | $11,679 |
| 35 | $424 | $54 | $11,255 |
| 36 | $426 | $52 | $10,829 |
| 37 | $428 | $50 | $10,401 |
| 38 | $430 | $48 | $9,972 |
| 39 | $432 | $46 | $9,540 |
| 40 | $434 | $44 | $9,106 |
| 41 | $436 | $42 | $8,670 |
| 42 | $438 | $40 | $8,232 |
| 43 | $440 | $38 | $7,793 |
| 44 | $442 | $36 | $7,351 |
| 45 | $444 | $34 | $6,907 |
| 46 | $446 | $32 | $6,461 |
| 47 | $448 | $30 | $6,013 |
| 48 | $450 | $28 | $5,563 |
| 49 | $452 | $25 | $5,111 |
| 50 | $454 | $23 | $4,657 |
| 51 | $456 | $21 | $4,201 |
| 52 | $458 | $19 | $3,743 |
| 53 | $460 | $17 | $3,282 |
| 54 | $462 | $15 | $2,820 |
| 55 | $465 | $13 | $2,355 |
| 56 | $467 | $11 | $1,888 |
| 57 | $469 | $9 | $1,420 |
| 58 | $471 | $7 | $949 |
| 59 | $473 | $4 | $475 |
| 60 | $475 | $2 | $0 |
How the Loan Amortization Calculator Works
This calculator builds a complete payment-by-payment schedule for any fixed-rate loan, so you can see exactly how your balance shrinks over time.
It first computes your fixed monthly payment using the standard amortization formula, then walks through each month calculating the interest charge on the remaining balance, the principal portion of that payment, and the new balance going forward.
Example: On a $25,000 loan at 5.5% over 5 years, your monthly payment is about $477. In month 1, roughly $115 goes to interest and $362 to principal — and that split keeps shifting toward principal as the balance falls.
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